Christie vetoes most of Atlantic City assistance package
New Jersey Gov. Chris Christie has vetoed most of a package of bills aimed at helping Atlantic City and its struggling casino industry.
The governor, a Republican presidential candidate, said they wouldn’t set the city on a sustainable path to recovery.
The key bill would have let the eight casinos make payments in lieu of taxes for 15 years, allowing them to know exactly how much they owe instead of facing huge potential increases each year.
Others would have mandated employee benefits for casino workers, diverted alternative investment taxes the casinos now pay, to help reduce Atlantic City’s debt, and eliminate the Atlantic City Alliance and use its $30 million annual budget for other ways to help the city.
Christie signed a bill providing extra school aid to the city.
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